Question

The odds on (i. e. odds against) TripleTreat winning the Kentucky Derby are 11 to 3. This means the bookmaker estimates TripleTreat's probability of winning is:

a) 8/11
b) 3/14
c) 3/11
d) 11/14
e) None of the above.

Answer 1

The correct answer to the probability of TripleTreat winning based on the given odds of 11 to 3 is 11/14, answer choice d.

Step-by-step explanation:

The odds on TripleTreat winning the Kentucky Derby are 11 to 3, which means for every 3 instances they don't win, they are expected to win 11 times. However, in probability terms, we need to convert this into the likelihood of winning out of the total possible outcomes. The total possible outcomes are 11 (wins) + 3 (losses) = 14. The probability of winning is the number of wins over the total number of outcomes, which is 11 out of 14, or 11/14. Therefore, the correct answer is d) 11/14.